“Señor Presidente Gustavo Petro Urrego: Le dirigimos esta carta a usted en calidad de economistas y académicos del derecho profundamente preocupados porque el sistema de arbitraje de inversión constituye un serio obstáculo para la construcción de sociedades prósperas, equitativas y sostenibles. Mientras Colombia se prepara para ser país coanfitrión de la Primera Conferencia Internacional para […]
By Julie Radomski As petroleum prices reach historic highs while solar and wind prices reach historic lows, the future of the global energy transition appears resilient. This trend continues in large part thanks to China, which leads the world in solar and wind power generation as well as low-carbon technology manufacturing and exports. Meanwhile, Latin […]
By Marina Zucker-Marques, Rosa He and Tianyi Wu Since the onset of the COVID-19 pandemic, many developing countries have faced a financial deadlock: they must scale up social and climate spending to support social-economic development, but the lack of fiscal space, and resulting debt distress inhibit new investments. Multilateral solutions such as the G20 Common […]
Governments around the world are reviving industrial policy to nurture nascent industries through multiple instruments, including tariffs, subsidies and localization policies. This shift is occurring amid intensifying geopolitical competition and weakening multilateral trade norms that are reshaping the global policy space. The electric vehicle (EV) industry, at the heart of global innovation and industrial competition, […]
By Hanjie Wang While trade tensions continue to dominate international headlines, the rapid growth of electric vehicle (EV) industry has attracted less attention. Yet this transformation is already having a ripple effect in emerging markets and developing economies (EMDEs). As governments race to decarbonize economies, the EV sector has become one of the most competitive […]
By Tianyi Wu Development finance is at a critical inflection point: many low- and middle-income countries are facing mounting pressures just as traditional donors and creditors are retrenching, even though infrastructure needs and the demand for reliable financing of basic public services remain pressing. To examine this issue, the GDP Center hosted the “Development Finance […]
By Zheng Zhai and Kevin P. Gallagher Countries across the Global South need a stepwise increase in investment to improve the well-being of their population and foster low-carbon, equitable and resilient growth. Countries must promote growth while simultaneously avoiding the significant social and economic losses that could arise from climate change and social instability. Lower […]
By Rebecca Ray In 2024, Latin America and the Caribbean (LAC) had a record trade deficit with China, amounting to 1.4 percent of regional GDP. At the same time, the region’s exports to China re showing signs of shifting down the value chain, as the top five LAC-China exports are now raw materials with no […]
With five years to go before the Sustainable Development Goals (SDGs) deadline, official statements have stressed that only 18 percent of the targets are on track, and many are going in reverse. International development community and policymakers around the world are struggling to find approaches that help to combat climate change and other challenges. Chinese […]
By Yiyuan Qi and William Olichney As China’s overseas financing activities expand across the globe, the need for reliable, detailed and publicly accessible data has grown as well. Researchers, policymakers, civil society and journalists increasingly rely on third-party databases to understand the scale, nature and impact of China’s global lending. A small group of independent […]